If he answers yes or some sort of variation of it, then move to the next step and see what number makes sense for you.Before that question though, I think there is value in just understanding the basics of seller financing 101.

Managing multiple units requires more effort, but the financial rewards can often be greater than having only one unit.Renting by the RoomRenting individual rooms separately is a variation of house hacking that can yield higher rental income.

The only time a price per square foot number makes some sense is in new construction, and even then there can be variations in current conditions like the soil types, is underpinning required, are utilities already tapped, etc. 

Quote from @Sandesh Shas: Hi,I was almost certain this would have been addressed before but possibly my search skills aren’t great and I couldn’t find straightforward answers.I was wondering what are the different and recommended ways for larger fund transactions for things like rehab costs and rents for bigger multi units to and from a friend who is helping manage property.The situation being, many of the tenants prefer just handing cash to the owner or property manager and the individual is not an established property manager and is only helping as a favor with nominal pay.Wondering if there are straightforward and widely used options instead of the hassle of involving “property manager’s” bank account in between and them having to deal with all that - especially given its just a local help and not really an established property management company.I am thinking something like straightforward cash deposits with whatever id/info needed with banks but looks like a lot of banks don’t allow deposits by non account owners.May be cashiers check is an answer here but I was not sure if even that can be deposited by non account owners and might have to be snail mailed out to me.Hopefully there are faster and easier options being used that I may have overlooked given the use case.Thanks much in advance :) @Sandesh ShasSo some variation of this might work for you…We utilize RentecDirect for our property management software.  

Lots of variations in quality and safety of the neighborhoods here in Cleveland. 

. - paraphrased from the One Thing - Gary Keller.There are several variations of the story, but they all point to the truth that if you don't work tirelessly on personal development first, nothing else matters.The flip-side to that quote could also explain: You could spend your life trying to put your world together (better job, more money, more things, achievements, etc..) but without a focus on personal development first, even if you did get your world together externally, the man will inevitably fall apart.Focus on personal development first.I'm biased, but your well-being should always take priority in your life.

There would probably be too much variation between properties for any kind of rough numbers to work for the project as a whole.  

Investing out of state can pose challenges such as unfamiliarity with local markets, potential difficulty in property management, and variations in regulations.

We all provide the same services with slight variations.

@Nik FridGoogle “Annual Property Operating Data” form or some variation of same.